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Wind Turbine
Siemens Energy Warns of Deeper Net Loss Over Russia Restructuring
Siemens Energy, which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 20…
Adnoc Distribution’s Second-Quarter Net Profit Surges 71% On Strong Revenue
Growth in both fuel volumes and non-fuel business of the company boosted revenue
Natural Gas
UK Investigates Sale of National Grid’s Gas Transmission Business, Report Says
Britain has launched an investigation under new national security rules into the sale of a 60% stake in National Grid's gas transmission and metering business t…
Energy Investment
Octopus Energy, Nest, and GLIL invest in Hornsea One
Octopus Energy Group’s generation business has worked with Nest to take a stake in the Hornsea One Wind Farm.
Iberdrola Sees Profits Soar With International Business Offsetting Spain’s Results
Iberdrola has recorded a net profit of €2.07 billion (US$2.1 billion) in the first half of 2022 due to strong performances in its international business offset…
Germany
German Government ‘Likely to Face Legal Challenges to Gas Rationing’
Law experts suggest some German businesses see gas rationing as a “nightmare scenario”
Net Zero Emission
Shanghai Electric Group Launches Low Carbon Business
Shanghai Electric New Energy Development Co. signals Shanghai Electric Group's move into the green, low-carbon business
Hydrogen Project
UK Opens Joint Revenue and Grant Funding Round for Hydrogen
Projects will be able to apply both for grant funding through the GBP 240 million (USD 287m/EUR 282m) Net Zero Hydrogen Fund and revenue support through the Hyd…
Net Zero Emission
New Zealand to Review Industry Support for Emissions Costs
New Zealand will review the provision of free climate pollution credits to local industry in a move to stop over-allocations to some businesses and encourage de…
Nuclear Fuel
UK Government Fund to Accelerate Nuclear Fuel Supply
The UK's Department for Business, Energy & Industrial Strategy (BEIS) is to launch a GBP75 million (USD90 million) Nuclear Fuel Fund to boost domestic productio…
Market and Security Benefits of a Decarbonised Energy System – Study
Britain could provide greater energy security to businesses and families, expand its ability to deliver home-grown renewable energy and insulate its economy f…
MENA Power Projects Forum 2022 to Focus On US$250 Billion Worth of Upcoming Power Projects in MENA Region
Power and utilities companies will have enough businesses as governments in the MENA countries plan to implement US$250 billion worth of power projects includin…
GE’s Energy Business Will Have a New Name—Vernova
General Electric (GE) is again announcing changes to its corporate structure, with the company on July 18 saying its energy and other businesses will operate un…
Oil Price
Big Oil Poised For “Exceptional” Earnings Thanks To High Refining Margins
High refining margins and fuel demand in the second quarter are set to lead to exceptional earnings at Big Oil’s refining businesses.
Repsol and Navantia Jointly Explore Renewable Hydrogen Generation Opportunities
Repsol and Navantia Seanergies, Navantia’s green energy division, have signed a collaboration agreement to jointly explore business opportunities in renewable …
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